Business Gold Credit Card

• The card can only be issued to companies that have operated for at least six months.
• When applying for a credit card, you must specify the desired credit limit, card holder(s), purchase and cash withdrawal limits.
• Depending on the company’s turnover and credit history, the minimum credit limit is 1000 € and the maximum 32 000 €.
• Please be aware that during limit granting process some additional documents could be requested. For example your last annual report if it is not submitted to the commercial register. The submitted balance and income statement must not be older than 12 months.
• The card will be delivered to a branch of your choice within up to 5-10 business days.
• The agreement must be signed by legal representative. Card could picked-up in branch by legal representative as well as by card holder if the agreement is signed before.

• Business Credit Card

  1. PRIVATE PERSON	Effective as of 02.04.2019
  1.1 Revolving credit card (2)
  monthly fee	1,30EUR, free of charge for people up to 25 years of age
  monthly fee of an additional card	1,30 EUR
  annual interest rate	19-22%
  penalty	ECB interest rate + 8% a year (1) (currently 0.022% a day, 8.00% a year)

  1.2 Fixed payment credit card
  annual interest rate	19-22%
  penalty	ECB interest rate + 8% a year (1) (currently 0.022% a day, 8.00% a year)
  debt notice	3 EUR

  1.3 Gold Revolving credit card (3)
  monthly fee	4,96 EUR
  monthly fee of an additional card	3,36 EUR
  annual interest rate	17-20%
  penalty	ECB interest rate + 8% a year (1) (currently 0.022% a day, 8.00% a year)
  debt notice	3 EUR

  1.4 Visa Platinum credit card (4)
  monthly fee	12,90 EUR
  monthly fee of an additional card	10,90 EUR
  Visa Platinum extra package	160,20 EUR a year (5)(9)
  annual interest rate	14-17%
  penalty	ECB interest rate + 8% a year (1) (currently 0.022% a day, 8.00% a year)
  the Priority Pass salon visit fee
  for holder of Visa Platinum card with extra package	free of charge
  for holder of Visa Platinum card without extra package	27 USD per visitor
  for persons accompanying Visa Platinum cardholder	27 USD per visitor

  1.5 Gold Charge credit card
  monthly fee of the primary card	5,11 EUR
  monthly fee of an additional card	2,56 EUR
  penalty	ECB interest rate + 8% a year (1) (currently 0.022% a day, 8.00% a year)
  debt notice	3 EUR

  1.6 Platinum Charge credit card
  annual fee of the primary card	127,82 EUR
  annual fee of an additional card	63,91 EUR
  penalty	ECB interest rate + 8% a year (1) (currently 0.022% a day, 8.00% a year)
  debt notice	3 EUR
  the Priority Pass salon visit fee for a Platinum credit card holder	27 USD per visitor

  GENERAL SERVICE AND TRANSACTION FEES
  1. Card opening fee
  opening a card at branch	2,50 EUR
  opening a card in Internet Bank	1,50 EUR
  2. Payment in a commercial enterprise	free of charge
  3. Cash withdrawal	1,92 EUR + 2.5% of the amount
  4. Transfer from credit card limit account	according to regular bank transfers pricelist
  5. Replacement of a card	7 EUR
  6. Statement of transactions
  in last month	free of charge
  a previous month	4 EUR per month
  7. Amendment of a credit card agreement (6)
  increase of credit limit at branch	1% of the requested additional limit, min 10 EUR
  increasing of credit limit in the Internet Bank	3,20 EUR
  amendment of the agreement at branch	10 EUR (excluding changing the user limits)
  amendment of the agreement in the Internet Bank	free of charge
  8. Closure of a credit card	free of charge
  9. Penalty for using a closed card	65 EUR
  10. Copy of a receipt (inquiry)
  a transaction in Estonia	4 EUR
  a transaction abroad	8 EUR
  11. Balance inquiry and statement in Swedbank’s terminals in Estonia	free of charge
  12. Balance inquiry in other bank’s terminals in Estonia and abroad (7)	0,32 EUR per query
  13. Demand for refund, unjustified
  a transaction in Estonia	12 EUR
  a transaction abroad	16 EUR (In case disputing card transaction made abroad, additional costs of the card organisations may apply)
  14. Emergency cash assistance in abroad in Western Union service points (8)	40EUR
  15. Sending a card from one branch to another (9)	2,50 EUR
  16. Sending a card by mail
  mail (Estonia)	free of charge
  17. Conversion fee for transactions in foreign currencies (10)
  VISA or MasterCard	1% of transaction amount
  18. Renewal of primary and additional card	free of charge
  19. Retrieval of bank cards from other banks from Swedbank ATMs	30 EUR

  2. LEGAL PERSONS	Effective as of 01.08.2018

  2.1 Business Credit Card (11)
  issue fee	5 EUR
  monthly fee	3 EUR
  annual interest rate	18%
  penalty	0.2% a day
  debt notice	3 EUR

  2.2 Business Gold Credit Card (12)
  issue fee	10 EUR
  monthly fee	10 EUR
  annual interest rate	14%
  penalty	0.2% a day
  debt notice	3 EUR
  the Priority Pass salon visit fee	27 USD per visitor

  2.3 Fixed Payment credit card Visa Business (13)
  issue fee upon first application and renewal	free of charge
  monthly fee	1,30 EUR
  annual interest rate	18%
  penalty	0.2% a day

  GENERAL SERVICE AND TRANSACTION FEES
  1. Payment in a commercial enterprise	free of charge
  2. Cash deposit in euros in home bank’s terminal (14)	up to 5000 EUR per calendar month free of charge 0,25% of the deposited amount that exceeds 5000 EUR per month
  3. Cash withdrawal	1,92 EUR + 2.5% of the amount
  4. Transfer from credit card limit account (15)	according to regular bank transfers pricelist
  5. Replacement of a card	7 EUR
  6. Statement of transactions
  in last month	free of charge
  a previous month	4 EUR per month
  7. Amendment of a credit card agreement
  increasing of the credit limit at branch	1% of the requested additional limit, min 10 EUR
  amendment of the agreement	10 EUR (excluding changing the user limits)
  amendment of the agreement in Internet Bank	free of charge
  8. Closure of a credit card	free of charge
  9. Penalty for using a closed card	65 EUR
  10. Copy of a receipt (inquiry)
  a transaction in Estonia	4 EUR
  a transaction abroad	8 EUR
  11. Balance inquiry and statement in Swedbank’s terminals in Estonia	free of charge
  12. Balance inquiry in other bank’s terminals in Estonia and abroad (7)	0,32 EUR per query
  13. Demand for refund, unjustified
  a transaction in Estonia	12 EUR
  a transaction abroad	16 EUR (In case disputing card transaction made abroad, additional costs of the card organisations may apply)
  14. Sending a card from one branch to another (9)	2,50 EUR
  15. Emergency cash assistance in abroad in Western Union service points (8)	40EUR
  16. Conversion fee for transactions in foreign currencies (10)	1% of transaction amount
  17. Retrieval of bank cards from other banks from Swedbank ATMs	30 EUR

  (1) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.

  (2) When paying for goods or services with the private person’s Revolving credit card, the bank shall not calculate interest as from making the transaction with the respective card until the last day (incl.) of the same month, after the aforementioned period, the bank shall begin calculating interest. Upon making a payment and withdrawing cash from the limit account, the bank shall begin calculating Interest immediately, unless the amount of the aforementioned transactions remains within the positive balance of the limit account.

  (3) When paying for goods or services with the private person’s Gold Revolving credit card, the bank shall not calculate interest as from making the transaction with the respective card until the 10th calendar day (incl.) of the following month, after the aforementioned period, the bank shall begin calculating interest. Upon making a payment and withdrawing cash from the limit account, the bank shall begin calculating interest immediately, unless the amount of the aforementioned transactions remains within the positive balance of the limit account.

  (4) When paying for goods or services with the Visa Platinum Credit Card, the transaction amount is subject to an up to 40-day interest-free period (between the date of purchase and the payment date). Upon making a payment and withdrawing cash from the limit account, the bank shall begin calculating interest immediately, unless the amount of the aforementioned transactions remains within the positive balance of the limit account.

  (5) If the period between ordering Visa Platinum extra package and expiry of Visa Platinum card is less than one year, the Bank will debit a fee for an extra package in full amount.

  (6) If upon the renewal of a credit card on the basis of an application, the credit limit of the credit card is rounded by increasing or decreasing the credit limit up to 50 € (incl.), no fee for amending the credit limit shall be charged when increasing or decreasing the credit limit.

  (7) The availability of the service in a foreign country depends on the foreign bank's ATM technical possibilities and service can be used with MasterCard/Maestro cards.

  (8) If the ordered service is canceled, the bank will not refund the service fee.

  (9) The price is inclusive of VAT at the rate of 20%.

  (10) Added to the amount of every transaction made with the card if the card transaction is in a currency other than the euro.

  (11) When paying for goods or services with a Business Credit Card, the transaction amount is subject to a 30day interest-free period, after which the calculation of interest starts. When withdrawing cash or making transfers from credit card limit account, the calculation of interest starts at once, unless the amount of the aforementioned transactions remains within the positive balance of the limit account.

  (12) When paying for goods or services with a Business Gold Credit Card, the transaction amount is subject to a 40day interest-free period, after which the calculation of interest starts. When withdrawing cash or making transfers from credit card limit account, the calculation of interest starts at once, unless the amount of the aforementioned transactions remains within the positive balance of the limit account.

  (13) The card is not issued from 20th of April 2016.

  (14) A limit of 15,000 euros per month on cash deposited in ATMs will be applied to credit cards. The fee is charged on the amount that exceeds 5 000 € per calendar month and the cash is deposited in home bank’s terminal. The service fee is client-based on the basis of calculation is a calendar month.

  (15) Service is available with Business Credit Card and Business Gold Credit Card.

Terms of usage of Cards for business

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